Equities research analysts expect that ON Semiconductor (NASDAQ:ON) will announce $1.43 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for ON Semiconductor’s earnings. ON Semiconductor reported sales of $1.34 billion during the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The firm is expected to announce its next earnings results on Monday, August 6th.
According to Zacks, analysts expect that ON Semiconductor will report full-year sales of $5.74 billion for the current financial year, with estimates ranging from $5.68 billion to $5.77 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.99 billion per share, with estimates ranging from $5.85 billion to $6.13 billion. Zacks’ sales averages are an average based on a survey of research firms that cover ON Semiconductor.
ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Sunday, April 29th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. ON Semiconductor had a net margin of 15.90% and a return on equity of 23.00%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS.
A number of brokerages have issued reports on ON. JPMorgan Chase boosted their price objective on shares of ON Semiconductor from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, May 1st. Robert W. Baird boosted their price objective on shares of ON Semiconductor from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Vetr upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 target price on the stock in a report on Monday, January 22nd. BidaskClub cut shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Friday, January 26th. Finally, Zacks Investment Research cut shares of ON Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. ON Semiconductor currently has a consensus rating of “Buy” and an average target price of $24.71.
In related news, EVP Robert A. Klosterboer sold 18,713 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $23.21, for a total value of $434,328.73. Following the transaction, the executive vice president now owns 375,857 shares in the company, valued at approximately $8,723,640.97. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William Hall sold 25,179 shares of the company’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $23.65, for a total transaction of $595,483.35. Following the completion of the transaction, the executive vice president now owns 375,391 shares in the company, valued at approximately $8,877,997.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 275,579 shares of company stock worth $6,948,894. 1.60% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. purchased a new position in ON Semiconductor in the 4th quarter worth about $101,000. Point72 Asia Hong Kong Ltd raised its position in ON Semiconductor by 9,749.0% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 4,826 shares of the semiconductor company’s stock worth $118,000 after buying an additional 4,777 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in ON Semiconductor in the 4th quarter worth about $174,000. Focused Wealth Management Inc purchased a new position in ON Semiconductor in the 1st quarter worth about $181,000. Finally, Premia Global Advisors LLC purchased a new position in ON Semiconductor in the 4th quarter worth about $200,000. 96.06% of the stock is owned by institutional investors and hedge funds.
Shares of ON Semiconductor stock opened at $23.70 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.71. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.06 and a beta of 2.03. ON Semiconductor has a 12-month low of $13.65 and a 12-month high of $27.10.
About ON Semiconductor
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
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